First Niles Financial Inc. (OTCMKTS:FNFI) Short Interest Down 53.6% in August

First Niles Financial Inc. (OTCMKTS:FNFIGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 137 shares, a decline of 53.6% from the July 30th total of 295 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 712 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in First Niles Financial stock. Public Employees Retirement System of Ohio bought a new position in shares of First Niles Financial Inc. (OTCMKTS:FNFIFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,529 shares of the company’s stock, valued at approximately $97,000. Public Employees Retirement System of Ohio owned 0.10% of First Niles Financial at the end of the most recent quarter.

First Niles Financial Price Performance

First Niles Financial stock remained flat at $8.95 during mid-day trading on Monday. 152 shares of the company were exchanged, compared to its average volume of 313. The company’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.14. First Niles Financial has a 52 week low of $7.25 and a 52 week high of $9.59. The firm has a market cap of $13.78 million, a P/E ratio of 14.21 and a beta of 0.30.

First Niles Financial (OTCMKTS:FNFIGet Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $3.15 million during the quarter.

About First Niles Financial

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First Niles Financial, Inc operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio, the United States. The company offers personal and business checking and savings, money market deposit, and Christmas club accounts, as well as certificates of deposit. It also provides various loans, including mortgage and consumer loans, home equity lines of credit, and commercial loans and lines of credit. In addition, the company provides e-statement, and night depository services; debit and ATM cards; safe deposit boxes; direct deposits; I.R.A.

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